You’ll Never Believe What This Cardano Insider Says About Tokenizing Everything 😂

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In this endless gray corridor of digital innovation, with no clocks but an abundance of jargon, Nikhil Joshi—the supposed “insider” and now, of all dignities, the Chief Operating Officer at EMURGO—resists the fashionable hysteria: the stampede toward tokenizing so much as a weathered chess pawn or last week’s cafeteria meatloaf. Joshi, like a lone sentry scanning prison perimeters beneath a freezing Siberian sun, raises a mittened hand: perhaps not everything, comrades, is improved by shoving it onto the blockchain.

Cautious approach to RWA tokenization (Not everyone gets a medal!) 🏅

It started, as these things do, with a cryptic missive on the platform formerly known as Twitter, where a fellow toiler in the digital salt mines asked Joshi his thoughts after an “Emerging RWA Opportunities in 2025” panel—because when facing the void of 2025, why not toss more acronyms at it?

Joshi, never one for empty optimism or unnecessary tokenization (unless it’s a passport stamp out of a gulag), said he’d rather see tokens serve actual purpose. Private credit? Now *there’s* meat on the bone—opaque, illiquid, mysterious as a Bolshevik requisition form. These are the opportunities! Why wrap the Mona Lisa in shrink-wrap when the rusty tractor needs a new tire?

1. Private credit is the big immediate opportunity.
2. Don’t suffer from tokenitis—your cat doesn’t need to be on-chain (yet). 🐈
3. Tokenising assets that “work” well on existing rails doesn’t conjure a liquidity genie from a bottle, but hey, it makes for splendid collateral.

— Nikhil Joshi (@No3of3J) April 29, 2025

So, Joshi proclaims (with the conviction of a man who knows the difference between being productive and collecting snow in one’s boots): let’s stick to practical assets and not treat tokenization like a new flavor at the borscht line. Certainly, private credit could get a dose of sunlight, but not every chicken deserves a golden egg—beware “tokenitis,” that digital fever afflicting crypto villages.

His warning ripples through the EMURGO canteen: do not tokenise blindly; do not become the man caught trading his mittens for ice. Instead, strategize—for real use, comrades, for actual utility, as if survival depended on it (which, in this economy, it may).

RWA Sector: Savior or Just Another Commissar? 💼

Joshi, peering through the icy bars of tradition, reminds us that increasing collateral options for blockchain finance could be swell (who doesn’t want more ways to gamble in DeFi?), yet liquidity will not magically sprout as if grown in a secret crypto greenhouse. Collateral is useful, yes—should we be grateful or deeply suspicious? (Both, naturally.)

Supposed experts from U.Today (undoubtedly in possession of superior onions and perhaps warmer boots) claim RWAs will unlock global growth, bringing “real-world value”—the sort you might actually recognize at the market—while sidestepping that sticky wicket, fraud. Perhaps, if only bureaucracy and optimism could be tokenized, we’d all be rich.

With Cardano’s own corridor patrolman leading the charge, even Ripple Labs is leaping at the opportunity to stamp their name somewhere on the great ledger of progress. Perhaps soon, tradition itself will be digital, and every prisoner’s ration will be delivered by smart contract—just don’t expect extra bread tokens.

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2025-04-29 14:23